An oil company is buying a semi-submersible oil rig for

$15

million. Additionally, it will cost

$1.5 million

to move the oil rig to the oil-field and to prepare it for operations. If it is depreciated over

six

years using straight-line depreciation, what are the yearly depreciation expenses in this case?

A.

$2.3

million

B.

$3.0

million

C.

$2.5

million

D.

$2.8

million